Robotic Process Automation Market To See Massive Growth by 2025 Automation Anywhere Inc., Blue Prism Group PLC, Jacada Inc., OpenSpan Inc | CAGR 26.34%

The report presents an in-depth assessment of the Global Robotic Process Automation including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Robotic Process Automation investments from 2020 till 2025.

The Long Term Evolution Market was valued at USD 10.78 billion in 2019 and is expected to reach USD 91.04 billion by 2025, at a CAGR of 42.69% over the forecast period 2020 - 2025.

Click the link to get a free Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/01091745789/robotic-process-automation-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=21

RPA is an application technology which uses software with capabilities of artificial intelligence and machine learning for handling a high volume, repeatable tasks. It allows employees to configure and program any computer software or a robot to interpret exiting application in the organization for manipulating data, processing transactions and communicating with digital systems. The RPA is similar to traditional IT automation but the major difference between these technologies is, RPA is capable of learning itself and adaptive to changing circumstances which a traditional IT automation system lacks..

Top Leading Manufactures-

Automation Anywhere Inc., Blue Prism Group PLC, Jacada Inc., OpenSpan Inc., UIPath Inc., Kofax Inc., Be Informed BV, Datamatics Global Services Limited, BlackLine Inc., Infosys Limited (Edgeverve Systems Limited), Contextor SAS, Nice Robotic Automation Ltd., CGI Group

With the continuous proliferation of smartphones across the globe has increased the average data consumption by an average man which has increased the need for LTE services, driving the market.

The robotic process automation market was valued at USD 1545.57 million in 2019 and is expected to reach USD 7940.97 million by 2025, at a CAGR of 26.34% over the forecast period 2020 - 2025. Robotic process automation (RPA) also called as intelligent automation or smart automation basically refers to advanced technologies that can be programmed to perform a series of tasks, like data manipulation, triggering responses, and creating necessary communication with other process and systems, which previously required human intervention. Market vendors are also enhancing their offerings, by adding new features in areas, such as automation lifecycle management, workload management, SLA-based automation, credential management, and Citrix automation, as well as adding new data APIs. These enhancements are attracting new industries that are looking for higher operational and security capabilities.

- The adoption of RPA among SMEs, especially financial services, are thriving market growth. According to a survey conducted by Nasdaq, in 2018, 70% of respondents are already using the technology in their operations.
- Growing deployment of SaaS, IaaS, and PaaS offerings, for customer relationship management, cloud computing, enterprise resource management, open source resources, cooperative robot learning, network connectivity, and other financial applications, are also developing a market for RPA solutions.
- The rising trend of the shift toward cloud-based solutions and increasing adoption of robot-based solutions, throughout various end-user industries, are expected to create new opportunities for the establishment of robotic process automation market globally.
- The adoption of software robots for managing routine work carried out by temporary or seasonal staff, or for staff bursts that are required by regulatory spikes, new product launches, or some new operation being introduced, is further developing the market growth

Market Scenario

Retail Expected to Have Significant Growth

Rapid growth in the e-commerce industry is an important factor adding to the growth of the robotic process automation market. Online sales in the United States are expected to double, by 2023, reaching approximately 20 to 25% of the overall retail sector. Along with adopting innovative practices to attract and engage more customers, the players in the retail industry have been using newer technologies for Retail automation to smoothen their processes and gaining a growth momentum to counter various challenges. The retail landscape is facing numerous challenges, which require a reorganization of business processes from top to bottom. RPA solutions can easily penetrate the issues, such as the rising cost of production, tech-enabled shoppers, an unreliable supply, implementing new technologies, from payment to payroll management systems, and labor availability.
- The growing number of warehouses is making the retail sector to use Robotic Process Automation in order to do the tasks more efficiently and effectively. A recent study conducted by Zebra Technologies on the anticipated future trends in the retail sector revealed that around 60% of the retailers are expected to adopt automation across all the key functions by 2021.
- The growing adoption of machine learning and big data into the RPA solutions is further increasing the adoption of RPA in retail. Moreover, many offline retail players are enhancing their online presence through RPA solutions.
- Returns processing, workflow management, customer support management, accounting and finance, ERP management and marketing, and consumer behavior analysis are some of the applications in the retail sector, with RPA playing an important role.
- It is estimated that more than 2 trillion USD can be saved in a global workforce by automating almost half of the tasks performed by humans, especially in an emerging industry, like retail.
- With the introduction of innovative technologies like Radio Frequency Identification, Point Of Sale and the most recent and most impactful RPA (Robotic Process Automation), companies are looking beyond the human capabilities to manage processes more accurately and productively.
- For instance, In March 2018, Walmart Inc. announced plans to expand its Online Grocery Delivery option to more than 40% of US households, by the end of the year. The service, available in six markets as of March, aims to grow to more than 100 metro areas across the country.

Inquire for Discount:

https://www.marketinsightsreports.com/reports/01091745789/robotic-process-automation-market-growth-trends-and-forecast-2020-2025/discount?Mode=21

North America Expected to Have Significant Market Share

North America accounted for significant market share in the robotic process automation market. The increased demand for robotic process automation in this region is attributed to the rising of automation in various sectors such as healthcare, electronics, retail, education, services, and government. Due to the high number of outsourced customer services companies and the presence of major vendors of the market studied, the region is dominating the global RPA market.
- Due to the presence of prominent players in the region coupled with the availability of infrastructure for the successful adoption of RPA the adoption of robotic process automation solutions is increasing in this region. North American is expected to account for a substantial share due to the increasing adoption of digital transformation across industries, in the robotics process automation market.
- The United States which is the largest in the BPO sector (as per the data from NASSCOM and Philippines Labor Statistics, US Labor Statistics), is an early adopter of RPA, across enterprises. The growth of the IT and telecom industry in the country is expected to augment the growth of RPA, owing to the benefits it offers.

Competitive Landscape

- June 2018 - UiPath announced its partnership with Humley, a cognitive assistant platform. This partnership is intended to provide an AI assistant chat solution to UiPaths customers. Humley would enable a virtual assistant to support RPA management and build voice or chat user interfaces, which would help UiPaths customers to innovate. Through this partnership, UiPath is creating a robust ecosystem of partners to grow as an RPA provider, with leading partner technologies.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Global Robotic Process Automation Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

Media Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com | irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.